IRB Infrastructure Developers Ltd and the IRB Infrastructure Trust on Wednesday (July 10) reported a year-on-year (YoY) growth in toll revenue for June 2024, continuing the positive trend observed in the first two months of Q1 of FY25.

“In continuance of the growth momentum seen in the first two months of Q1FY25, IRB Infrastructure Developers Limited and the IRB Infrastructure Trust have collectively reported Y-o-Y toll revenue growth of 35% for the month of June 2024,” according to a stock exchange filing.

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The entities collectively achieved a 35% YoY increase in toll revenue, amounting to ₹517 crore in June 2024, compared to ₹383 crore in June 2023. This strong performance in June contributed to the robust quarterly results, with toll revenue in Q1 of FY25 reaching ₹1,556 crore, a 32% rise from ₹1,183 crore in the same period last year.

“The toll collection of both the entities for June 2024 is ₹517 crore against Rs 383 crore in June 2023. With this, the Q1FY25 toll collection is ₹1,556 crore as against ₹1,183 crore in the corresponding quarter of FY24; thus, registering the Y-o-Y growth of 32%,” it sai.

Amitabh Murarka, Deputy CEO, IRB Infrastructure Developers, said, “We have experienced a strong start to the new financial year FY25, marked by robust growth in Q1FY25. The recent implementation of the tariff revision will further improve the collection, and we anticipate this positive trend to continue in the forthcoming quarters of FY25.”

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Shares of IRB Infrastructure Developers Ltd ended at ₹68.14, down by ₹0.52, or 0.77% on the BSE.